The scenarios where Xoom can help you on making the most out of your money
April 29, 2022
The scenarios where Xoom can help you on making the most out of your money
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Xoom, a PayPal Service
We use Xoom (a PayPal service) for performing international transfers. Due to its many options to send money to different countries in a quick and efficient manner, it has become a useful tool for us. It also offers many different variants for withdrawing money, which is handy for international organizations with offices all around the world.
Pros
- Fast transfers
- Easy to use
- Many available countries to send money to, especially from the US.
Cons
- It is more competitive when performing transfers from the US.
- The exchange rates are sometimes not displayed in the interface.
- Quite cumbersome process to verify your personal information.
- International funds transfer.
- Integration with PayPal.
- Check of exchange rates.
- Improved speed of money transfers.
- Increased efficiency due to an intuitive interface.
- Increased transfer limits, although personal details verification is needed.
- Reduced fees in a few cases.
- Wise (formerly TransferWise)
In my personal opinion, Xoom is tailored for bigger money transfers compared to Revolut or TransferWise. Depending on the currency and country where we are focusing, the cost of transferring money could be smaller with Xoom (mainly in the US) or actually similar/worst. In terms of user interface and accessibility, the three tools compare quite equally.
Do you think Xoom, a PayPal Service delivers good value for the price?
Yes
Are you happy with Xoom, a PayPal Service's feature set?
Yes
Did Xoom, a PayPal Service live up to sales and marketing promises?
Yes
Did implementation of Xoom, a PayPal Service go as expected?
Yes
Would you buy Xoom, a PayPal Service again?
Yes
Comments
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